Investments (Tables)

12 Months Ended

Dec. 31, 2023

Investments, Debt and Equity Securities [Abstract]

Schedule of Investments and Securities Sold, not yet Purchased

The Company’s investments consist of the following at December 31, 2023 and 2022:

	December 31,
	2023		2022
Debt	$	4,285	$	–
Equities	54,717		43,889
Funds:
Alternative investments (a)	61,680		56,947
Debt (a)	191,325		178,556
Equity (a)	343,139		350,282
Private equity	46,818		53,822
	642,962		639,607
Investments, at fair value	701,964		683,496
Equity method investments	–		15,481
Total investments	$	701,964	$	698,977

________________________

(a)Interests in alternative investment funds, debt funds and equity funds include investments, including those held by LFI Consolidated Funds (see Note 24), with fair values of $27,454, $175,449 and $284,099, respectively, at December 31, 2023 and $24,137, $142,632 and $266,528, respectively, at December 31, 2022, held in order to satisfy the Company’s obligation upon vesting of previously granted LFI and other similar deferred compensation arrangements. LFI represent grants by the Company to eligible employees of interests in a number of Lazard-managed funds, subject to service-based vesting conditions (see Notes 8 and 16).

Schedule of Equity Securities and Trading Debt Securities Net Unrealized Investment Gains and Losses

During the years ended December 31, 2023, 2022 and 2021, the Company reported in “revenue-other” on its consolidated statements of operations net unrealized investment gains and losses pertaining to equity securities and trading debt securities still held as of the reporting date as follows:

	Year Ended December 31,
	2023		2022		2021
Net unrealized investment gains (losses)	$	54,228	$	(92,793)	$	14,154